Trade Idea: EUR/JPY – Sell at 107.45

by Kernel on April 11, 2012

As the single currency has fallen again after meeting renewed selling interest at 107.47 yesterday, suggesting the decline from 111.43 top is still in progress and further weakness to 105.10-20 would be seen, however, loss of near term momentum should limit downside to 104.65 and reckon 104.20-25 (50% Fibonacci retracement Trade Idea: EUR/JPY – Sell at 107.45

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